Annual solar installations are predicted to expand at a rate of 18 percent in 2014, reaching 41 GW and firmly marking the end of the solar industry’s two-year slowdown. IHS reaffirms its prediction made in early 2013 that installations this year will amount to 35 . Global photovoltaic (PV) installations are forecast to rise at the fastest pace in three years in 2014, exceeding 40 gigawatts (GW) for this first time and generating installation revenue of more than $86 billion, according to IHS.
The Energy Department’s (DOE) National Renewable Energy Laboratory (NREL) recently issued a new report, “Non-Hardware (‘Soft’) Cost-Reduction Roadmap for Residential and Small Commercial Solar Photovoltaics, 2013–2020,”PDF funded by DOE’s SunShot Initiative and written by NREL and Rocky Mountain Institute (RMI). The report builds off NREL’s ongoing soft-cost benchmarking analysis and charts a path to achieve SunShot soft-cost targets of $0.65/W for residential systems and $0.44/W for commercial systems by 2020.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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